Blackberry plunges on gloomy annual revenue forecast

U.S.-listed shares of cybersecurity company Blackberry's BB.TO, BB.N shares fall 11% to $3.3

The company forecast drop in revenue for FY ending February 2026 vs FY25 as it struggles with weak demand for cybersecurity services from clients amid economic uncertainty

BB expects cybersecurity unit to report annual revenue between $230 million and $240 million, lower than the $272.6 million in the previous financial year

BlackBerry said it completed the sale of the Cylance business, which uses machine learning to preempt security breaches, to Arctic Wolf for $160 million

Up to last close, stock had fallen 1.3% YTD